Man Group plc Makes New $2.56 Million Investment in Louisiana-Pacific Corporation $LPX

Key Points

• Man Group plc acquired 32,579 shares of Louisiana-Pacific in the second quarter, representing an investment of approximately $2.56 million. Institutional investors collectively own 94.73% of LPX.
• Louisiana-Pacific reported quarterly EPS of $0.40, below the $0.56 consensus estimate, while revenue fell 12.1% year over year to $665 million.
• The company paid a quarterly dividend of $0.30 per share, equivalent to a 1.7% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with a $94 price target, above the stock’s $70.55 opening price.

Man Group plc bought a new position in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 32,579 shares of the building manufacturing company's stock, valued at approximately $2,563,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Western Wealth Management LLC bought a new position in shares of Louisiana-Pacific during the 1st quarter worth approximately $25,000. North Ridge Wealth Advisors Inc. purchased a new position in shares of Louisiana-Pacific in the 2nd quarter worth approximately $26,000. Parallel Advisors LLC grew its holdings in shares of Louisiana-Pacific by 204.0% in the first quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company's stock valued at $28,000 after acquiring an additional 255 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Louisiana-Pacific in the fourth quarter valued at approximately $29,000. Finally, Root Financial Partners LLC increased its position in shares of Louisiana-Pacific by 177.6% during the first quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company's stock valued at $32,000 after acquiring an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Price Performance

Shares of NYSE LPX opened at $70.55 on Tuesday. The stock has a fifty day simple moving average of $74.71 and a two-hundred day simple moving average of $75.52. Louisiana-Pacific Corporation has a 1-year low of $66.12 and a 1-year high of $101.28. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 89.30, a price-to-earnings-growth ratio of 10.08 and a beta of 1.62. The company has a current ratio of 3.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.16). Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%.The firm had revenue of $665.00 million during the quarter, compared to analysts' expectations of $667.31 million. During the same period in the prior year, the business earned $0.99 earnings per share. The business's quarterly revenue was down 12.1% compared to the same quarter last year. Analysts anticipate that Louisiana-Pacific Corporation will post 1.17 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, August 14th. Louisiana-Pacific's payout ratio is currently 151.90%.

Analyst Ratings Changes

A number of brokerages have issued reports on LPX. BMO Capital Markets upgraded Louisiana-Pacific from a "market perform" rating to an "outperform" rating and set a $94.00 price objective for the company in a research note on Thursday, May 7th. The Goldman Sachs Group lifted their target price on Louisiana-Pacific from $66.00 to $74.00 and gave the stock a "sell" rating in a research note on Thursday, August 6th. TD increased their price target on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Zacks Research lowered shares of Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 30th. Finally, Oppenheimer decreased their price objective on shares of Louisiana-Pacific from $115.00 to $107.00 and set an "outperform" rating for the company in a report on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.00.

About Louisiana-Pacific

Louisiana-Pacific Corporation NYSE: LPX is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.

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